News: Brokerage

Farrell of CBC Island brokers $1.2 million sale of 4.53 acres in Brentwood; Pidgeon of CBC Island handles 15-year lease – 10,500 s/f

Shown above is 39 Allen Blvd. - Farmingdale, NY
Brentwood, NY
According to Coldwell Banker Commercial Island Corporate Services (CBC Island), the firm has completed the following transactions:

Leo Farrell,
Coldwell Banker Commercial Island Corporate Services

 

Edward Pidgeon,
Coldwell Banker Commercial Island Corporate Services

 

Leo Farrell, managing principal of CBC Island, completed a 4.53 acre land sale transaction at Grand Blvd. and Rte. 111. Farrell represented the landlord, Farber Industrial, LLC and the purchaser, Inglesia Palabra MIEL Church Long Island. The purchase price was $1.2 million.

Edward Pidgeon, principal of CBC Island completed a 10,500 s/f, 15-year, industrial lease transaction at 39 Allen Blvd. in Farmingdale. Pidgeon represented the tenant, RAV Auto, Inc. and the landlord, Lighthouse Equities Group, LLC. RAV Auto, Inc. is a fleet services company, specializing in repairs and maintenance. 39 Allen Blvd. is a 30,000 s/f, multi-tenant, industrial building located off Broadhollow Rd.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.